227O. Committee of creditors

Question 1

227O. Committee of creditors

Answer 1

General overview
[227O.01] Section 227O allows a committee of creditors to be formed, during the creditors’ meeting, to represent the interests of all or factions of the creditors of the company. Such a committee has the power to require the judicial manager to attend before it to furnish it with information relating to the carrying out of his functions as a judicial manager.